MicroStrategy’s X Account Breached: Over $440,000 Stolen Through Fake $MSTR Airdrop Links

Mahek Baid
Mahek Baid February 26, 2024
Updated 2024/02/26 at 9:27 AM

On Monday, February 26, MicroStrategy’s X account was hacked, causing significant financial losses. The account had over 196,000 followers. The hackers posted a phishing message on the account, announcing the launch of a non-existent MSTR token and providing a link to claim it. The phishing attempt was successful, and unsuspecting users were led to connect their wallets and claim tokens. As a result, over $440,000 worth of cryptocurrency was stolen.

The incident highlights the importance of being vigilant and skeptical when dealing with digital assets. As the crypto industry continues to grow, so do the associated risks. Users must exercise caution when interacting with social media posts, especially those promising free tokens or airdrops.

MicroStrategy has not yet released an official statement regarding the breach. However, the post from the X account has been deleted. The stolen funds represent a significant loss for those who fell for the fake airdrop links.

This hack highlights the need for robust security measures and user education in the crypto space. As the crypto community works to address this breach, it’s important to stay informed and remain cautious. Please note that this article is based on available information and may be subject to updates as the situation unfolds.

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